ACM Research, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 07:27 am EST
Share
ACM Research, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 168.57 million compared to USD 133.71 million a year ago. Net income was USD 25.68 million compared to USD 21 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.32 a year ago.
For the nine months, sales was USD 387.4 million compared to USD 280.29 million a year ago. Net income was USD 59.65 million compared to USD 27.45 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 0.46 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 0.41 a year ago.
ACM Research, Inc. develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. The Company offers two principal models of wet wafer cleaning equipment based on its Space Alternated Phase Shift (SAPS) technology, Ultra C SAPS II and Ultra C SAPS V. It has also developed Timely Energized Bubble Oscillation (TEBO) technology for application in wet wafer cleaning during the fabrication of 2D and 3D wafers with fine feature sizes. It has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM), 3D NAND-flash memory chips, and compound semiconductor chips. The Company also develops, manufactures and sells a range of advanced packaging tools to wafer assembly and packaging customers.
ACM RESEARCH, INC. 
